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How to avoid scams when investing in new projects for 2020...

How to avoid scams when investing in new projects for 2020...

All Cryptocurrencies

by COINS NEWS 20 Views

I spent about 10 minutes doing some digging for new coins to invest in, so I'm going to save you all some time...

I have a simple checklist when it comes to investing...

1) Quality of the token's website. If it looks extremely poorly done, I'm not buying in.
2) Anonymous teams. I don't buy in to anonymous teams' projects.
3) Teams that have faces attached to them. Go to google images and reverse-trace the images. I am dead serious, do this. Red flags: if you see "websites containing matching images" but no images of the actual team member(s) in question, usually this means that the team took someone else's photo and used Photoshop to change their face. Don't buy in, no really, don't!
4) No whitepaper? No buy-in.

Feel free to contribute how to avoid scam-projects in 2020.

submitted by /u/sgtslaughterTV
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